Donald Trump the Megathread part II - mod warnings in OP, Updated 18/03/25

Hodger

https://www.boards.ie/discussion/comment/123324458#Comment_123324458

Canada also set to retaliate with their own tariffs statement from Mark Carney.

https://twitter.com/MarkJCarney/status/1907859176841253033

Emblematic

Is anyone buying the dollar? We can expect the dollar to rise a bit as a result of these tariffs unless they have already been priced in?

yagan

https://www.boards.ie/discussion/comment/123324547#Comment_123324547

Why would buy USD now? If anything it's being offloaded.

Even gold is off!

sock.rocker*

https://www.boards.ie/discussion/comment/123324446#Comment_123324446

Do it legislatively. Ban investment in American companies in some way. Coordinate with other countries to stop selling them precious metals etc. Ban things that can keep money from going there while still allowing important things to be bought without tariffs.

Tariffs aren't the answer when the calculation comes from deficits. Harming US business is ultimately meaningless. The world has to harm US interests in a far more direct way.

Like a coordinated sell off of all the debt for example. Truss nearly ruined pensions in the UK. The world should try and do that to America.

yagan

https://www.boards.ie/discussion/comment/123324575#Comment_123324575

No one can do more damage to US businesses than Trump is doing now.

Where I would agree though is that his threats about Greenland and his sidelining of Europe in talks with Russia is enough to start restricting US services in the single market.

Oscar_Madison

https://www.boards.ie/discussion/comment/123324490#Comment_123324490

I think there’s a very strong element of disruption without “theory” - it places countries on a back foot but only to a degree - they will and are regrouping - responses for the moment in my view shouldn’t be “textbook” - a bit of wait and see - we’re seen signs of discontent amongst the American people - hopefully they will be a strong voice

Tell me how

US jobs report out for March.

Worst Job losses since the pandemic.

And the reason for it? The richest man in the world, who is getting 8M a day from the Federal Government said that over 100K Government employees should lose their jobs.

So much winning, all of the winnining, are the people sick of it yet?

Coupled with the stock market drops, the most suicidal actions by an administration in history. But hey, Trump is gone to Florida to play golf on his course, so, don't worry about it.

nachouser

PIMCO expects U.S. protectionist policies will rekindle inflation and lead U.S. economic growth to slow this and next year, while government spending in Europe could improve those countries' economic prospects.

"There is a strong case to diversify away from highly priced U.S. equities into a broader mix of global, high-quality bonds," said the California-based fund manager, which manages nearly $2 trillion in assets.

Even PIMCO is going, nu-uh.

VinLieger

https://www.boards.ie/discussion/comment/123324660#Comment_123324660

Yeah but all those people will have jobs building cars tomorrow in the magical new factories that will spring up from the ground so its fine……

Kermit.de.frog

https://www.boards.ie/discussion/comment/123324660#Comment_123324660

If you remove the federal job losses the private sector losses for March are stable.

greenfield21

With all the doge work and tariffs, one things for certain is the budget deficit will be coming down bigly in the short term, Trump will call that a win and showing progress.

Detritus70

https://www.boards.ie/discussion/comment/123324675#Comment_123324675

So, if we ignore job losses, the job losses aren't as bad.

Right.

My name is URL

Where does NI end up in this mad world where they export things as part of the UK but via Irish channels?

Tell me how

https://www.boards.ie/discussion/comment/123324674#Comment_123324674

Only if they're Robot Programmers or installers….

eightieschewbaccy

https://www.boards.ie/discussion/comment/123324675#Comment_123324675

Large scale unemployment caused by the government isn't a win for the economy...

goldsparkle

https://www.boards.ie/discussion/comment/123321808#Comment_123321808

I love it 🤣😂🤣

goldsparkle

I am not following the news. I turned it off. It was on in the background a few minutes ago. Did I hear correctly about something. Is there 0 tariffs on Russia? Did I get that correctly?

If this is correct - there is something very dodgy going on there. Apparantly Putin has dirt on Trump and there it is. I reckon there is something much more rotten going on.

aloyisious

https://www.boards.ie/discussion/comment/123324322#Comment_123324322

Feith was in the Pentagon and State Dept in Trump's last Admin, in this one on the NSC as Snr director overseer for tech & Nat Security, Walsh worked for Senator Rubio in the past and Broody in legislative affairs. They might be the first heads to roll over the "War Plans" disclosure to the media. The people with the "its a conspiracy" may have got a major toe-hold again.

sock.rocker*

https://www.boards.ie/discussion/comment/123324783#Comment_123324783

US companies and consumers can't buy stuff from Russia due to sanctions. Only the government buys some stuff it needs. Tariffs don't make sense for heavily sanctioned countries.

The news today is big enough without dumb conspiracy theories about Russia not getting tariffs.

randd1

https://www.boards.ie/discussion/comment/123324783#Comment_123324783

I have absolutely no proof and this is entirely my opinion and nothing else, but…

I’m convinced Trump raped and killed a prostitute on one of his trips to Moscow back in the day, and the Russians have held it over him since.

As far as I’m concerned, he cannot have his ar*e pile-drivered by the Russians as often as he does unless there was something as serious as that over him.

Wolf359f

https://www.boards.ie/discussion/comment/123324783#Comment_123324783

That's correct, zero tariffs, not even the blanket 10%, despite (according to Trump's formula) Russia having tariffs of 570% on US goods.

Maxface

What is the thinking, that they want to bring manufacturing jobs back?. USA unemployment rate is 4.1 which is very close to what is regarded as full employment. Where are the workers coming from? If you are a manufacturing company, and you are looking at those figures, it won't give you confidence that you will be able to staff your factories if you returned. Is this question being asked, have they answered?

Is the plan to sack all the federal workers and retrain them into working manufacturing jobs or is the plan to sink the economy, loads of job losses, get the factories back and get back to full employment again. I don't understand the end game.

machiavellianme

https://www.boards.ie/discussion/comment/123324751#Comment_123324751

Frogs aren't known for being personal

Damien360

https://www.boards.ie/discussion/comment/123324675#Comment_123324675

For now it's stable. I work for a US multinational in the services sector. There is talk of job losses globally due to share price decimation by over 40% in a few weeks. Hasn't happened yet to us.

Meanwhile my colleagues in the same sector in rival companies have shed 10% staff already. I meet them regularly visiting various customers. The vast majority of losses were US jobs. They are cutting R&D first because it's expensive with no return in the short term.

The first response to poor share price is a board member leaving and soon after job losses. It's the easiest thing to immediately prop up profits by chopping staff. I always believe the board member stuff is a protest of sorts to save face. US staff have less legal protection than their EU colleagues so they are always first to go. It's coming !

Westernview

https://www.boards.ie/discussion/comment/123324715#Comment_123324715

Most of the MAGAs being marched out of their jobs for the last time will still think they've won against 'the establishment'. Too far gone.

goldsparkle

https://www.boards.ie/discussion/comment/123324805#Comment_123324805

Very good point. I wonder will there be any room for negotiations and can this be raised with them.

dinorebel

https://www.boards.ie/discussion/comment/123324236#Comment_123324236

Same as Brexit then

For Petes Sake

https://www.boards.ie/discussion/comment/123324805#Comment_123324805

The thinking is Trump is a big baby with a massive chip on his shoulder.

Everything is centered around his own personal grievences.

tom1ie

I’ll post this here also:

Can the great and the good in this thread educate me please. 
With regard to pharma, how do US tariffs have an impact on US companies based in Ireland? 
Let’s take Pfizer for example, they export to the USA and make certain drugs in Ireland that they export from Pfizer IRE to Pfizer USA. 

They will have to pay (potentially in the future) a 25% tariff to the USA government on the drugs they are importing into the USA from Ireland. 
They pass that cost onto the USA customer. 
The USA customer does not like this and reduces the demand for these drugs and actively looks for an indigenous drugs manufacturer to replace Pfizer. 
This process takes years as a new manufacturing plant would have to be setup to cater for the demand for the drugs in the USA and replace the Irish manufactured drugs. 
During this time Pfizer start selling into Canada, Mexico, Asia etc to cover the lower demand in the USA. 

Prices don’t increase (bar inflation of course) anywhere else outside of the USA because…..well why would they? 

In this scenario, why are Irish pharma jobs at risk?

Surely the only loser in this is the American consumer through increased drug and health insurance premiums?

10000maniacs

Trump was on there today saying these tarriffs are to keep imports out and to raise money for tax cuts.

Hmmm, isn't that an oxymoron?

Surely it's either one or the other? Can't have it both ways.